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biocqr

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biocqr

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Re: biocqr post# 17544

Wednesday, 12/26/2018 7:04:42 PM

Wednesday, December 26, 2018 7:04:42 PM

Post# of 29508
Crude oil...if CL closes above 45.47 by the end of the week this low should hold.

S2 is the 61.8% yearly fib pivot which is a major reversal level.

45.47 is the 61.8% retracement from the Feb 2016 low to the Oct 2018 high.

It would also form a nice hammer on the weekly chart.

https://www.tradingview.com/x/kTN4os6Y/

If 55.35 doesn't hold then 45.50 and $26 are possibilities
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